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S 2554 United States Senate · 117th Congress

Renters Tax Credit Act of 2021

Summary
Renters Tax Credit Act of 2021 This bill allows owners of rental buildings who provide reductions in rent to their low-income tenants a refundable tax credit for a specified percentage of the difference between market rent and 30% of the monthly family income of such tenants. The bill allocates credit amounts to states for distribution to participating taxpayers.
Issues: ✓ Budget & TaxesSupports Budget & TaxesProvides refundable tax credit for landlords reducing rent for low-income tenants, offering tax relief via state-funded program. Directly advances tax policy for lower-income housing affordability.95% confidence ✓ HousingSupports HousingProvides tax credits to landlords for reducing rent to low-income tenants (30% of income), directly increasing affordable housing access and tenant affordability.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jul 2021
Committee Review
Floor Vote
President
Introduced Jul 29, 2021 Last action Jul 29, 2021
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Jul 29, 2021
Committee
Read twice and referred to the Committee on Finance.
upper
Jul 29, 2021
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor

Sponsors

Role
Legislator
Party
State
District
P
Photo of Sherrod Brown
Sherrod Brown
DDemocratic
OH
n/a
Co
Photo of Ron Wyden
Ron Wyden
DDemocratic
OR
n/a